PenFed Mortgage with Confidence

Conventional Loans

Mortgage with Confidence

CALL TODAY AT
1-866-386-7254 OR
Start Online

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

PenFed HELOC

LOW RATES · FLEXIBLE CLOSING
TERMS
Start Online

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Conventional Loans

What is a Preapproval?

What You’ll Learn:

Topic Discussed:First Time Homebuyer, First Time Homebuyer, Conventional loans, VA Loans, Getting Started

Expected Read Time:4 mins

Published: May 14,2021

A preapproval is a key part of starting your homebuying process. PenFed Credit Union explains what a preapproval is, why you need one, and how to get it.

VA Loan Compared to a Conventional Loan

What You’ll Learn:What are the differences between VA and conventional loans

Topic Discussed:VA Loans, VA Loans, Conventional loans, Homebuying 101, Getting Started

Expected Read Time:10 mins

Published: February 19,2021

Discover what the difference between a VA loan and a conventional loan is. Answer the question of if a VA loan is better than a conventional loan?

Creating Your Home Buying Budget

What You’ll Learn:Understanding what is included in closing costs

Topic Discussed:Homebuying 101, Homebuying 101, VA Loans, Conventional loans, Getting Started

Expected Read Time:4 mins

Published: December 10,2020

How much should you budget when buying a home? PenFed Credit Union offers a list of the all the expenses and costs you may encounter as you complete closing your home.

What Are the Different Types of Mortgages?

What You’ll Learn:What the different types of mortgages are

Topic Discussed:Homebuying 101, Homebuying 101, Conventional loans, Purchase, Getting Started

Expected Read Time:5 mins

Published: December 02,2020

There are different types of mortgages for all financial situations. PenFed Credit Union provides details on different mortgages and which might be right for you.

What Is a Conventional Loan?

What You’ll Learn:What a conventional loan is and if it’s right for you

Topic Discussed:Homebuying 101, Homebuying 101, First Time Homebuyer, Conventional loans, Getting Started

Expected Read Time:2 mins

Published: November 10,2020

Conventional loans are just one type of mortgage loan. PenFed is here to help you understand what a conventional loan is and if it is right for you.

Mortgage with Confidence

CALL TODAY AT
1-866-386-7254 OR
Start Online

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

PenFed HELOC

LOW RATES · FLEXIBLE CLOSING
TERMS
Start Online

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

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